Farrelly & Mitchell advises Al Wazeen on sale to Ornua (Irish Dairy Board)

News

Farrelly & Mitchell advises Al Wazeen on sale to Ornua (Irish Dairy Board)

The announcement comes as Farrelly & Mitchell’s Riyadh office hosts the Irish Minister for Agriculture at an Agri-Food Roundtable, convened for senior Irish and Saudi agri-food decision-makers. Farrelly & Mitchell acted as advisors to Al Wazeen Trading, which has disposed of three-quarters of its shares to the Irish Dairy Board (IDB). The acquisition is central to the IDB’s strategy of establishing a manufacturing hub for its products in the Middle East and North Africa

The Farrelly & Mitchell Agri-Food Roundtable – hosted in association with Enterprise Ireland – outlines the many other opportunities that exist for agri-food investors in Ireland and the Kingdom of Saudi Arabia.

“Farrelly & Mitchell welcomes Minister Simon Coveney’s timely visit to the region at this important juncture,” said Malachy Mitchell, managing director of Farrelly & Mitchell.

“Investors have an opportunity to build a solid business in the rapidly-growing GCC market.”

“Not only does this region provide a significant market for Irish dairy commodities, but the strategy to manufacture value-added products locally supports the Kingdom’s food security and water conservation initiatives,” he continued.

Farrelly & Mitchell, which is based both in Dublin, Ireland and Riyadh, provide specialist agri-food advisory, M&A, technical and project implementation services.

Author

Chaitanya GRK

Regional Director (MENA)

Chaitanya is Regional Director (MENA) and heads Farrelly & Mitchell’s Dubai office, overseeing the UAE and our wider MENA operations. He has over a decade’s worth of business advisory experience, mostly advising clients in MENA food and beverages industries, including agriculture primary processing, dairy, meat, poultry, and various consumer food sectors.

Chaitanya GRK

Regional Director (MENA)